date:Jul 25, 2014
y sales of the grain at 1.14 million tonnes for 2014/15, above market estimates.
But prices retreated as traders became increasingly confident of a large US crop. Also bearish was news that China will require imports of US distillers' dried grains (DDGs), a corn byproduct, to be certified as free of an unapproved genetically modified trait known as MIR-162. China stopped issuing import permits for US DDGs in June. It is a protectionist measure, said Basse. The Chinese have very aptly and smart